Corporate performance : does ownership matter? A comparison of foreign - and domestic - owned firms in Greece and Portugal

Detalhes bibliográficos
Autor(a) principal: Barbosa, Natália
Data de Publicação: 2003
Outros Autores: Louri, Helen
Tipo de documento: Artigo
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/1822/11259
Resumo: The paper investigates whether multinational corporations (MNCs) operating in Portugal and Greece perform differently than domestic firms using two samples. The first contains 2651 and the second 523 firms operating in Greece in 1997 and Portugal in 1992 respectively. Departures from normality of firms' profitability motivated the adoption of the robust technique of quantile regression. The estimation results suggest that ownership ties do not make a significant difference with respect to performance of firms operating in Portugal. Results were similar for firms operating in Greece and only when firms in the upper quantiles of gross profits were compared, MNCs were found to significantly perform better than domestic firms. It is probably because MNCs have to compensate for their liability of foreigness that in spite of their technological advantages they cannot persistently outperform their domestic rivals.
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spelling Corporate performance : does ownership matter? A comparison of foreign - and domestic - owned firms in Greece and PortugalMultinational corporationsProfitabilityManufacturing industryQuantile regressionThe paper investigates whether multinational corporations (MNCs) operating in Portugal and Greece perform differently than domestic firms using two samples. The first contains 2651 and the second 523 firms operating in Greece in 1997 and Portugal in 1992 respectively. Departures from normality of firms' profitability motivated the adoption of the robust technique of quantile regression. The estimation results suggest that ownership ties do not make a significant difference with respect to performance of firms operating in Portugal. Results were similar for firms operating in Greece and only when firms in the upper quantiles of gross profits were compared, MNCs were found to significantly perform better than domestic firms. It is probably because MNCs have to compensate for their liability of foreigness that in spite of their technological advantages they cannot persistently outperform their domestic rivals.Fundação para a Ciência e a Tecnologia (FCT)Universidade do Minho. Núcleo de Investigação em Microeconomia Aplicada (NIMA)Universidade do MinhoBarbosa, NatáliaLouri, Helen2003-102003-10-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/1822/11259engBARBOSA, Natália ; LOURI, Helen - " Corporate performance : does ownership matter? A comparison of foreign - and domestic - owned firms in Greece and Portugal" [Em linha]. Braga : Núcleo de Investigação em Microeconomia Aplicada, 2003. [Consult. 14 Dez. 2010]. Disponível em WWW:<URL:http://nima.eeg.uminho.pt/uploads/EEG161107NIMA26.pdf>.info:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-07-21T12:20:24Zoai:repositorium.sdum.uminho.pt:1822/11259Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T19:13:31.595578Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Corporate performance : does ownership matter? A comparison of foreign - and domestic - owned firms in Greece and Portugal
title Corporate performance : does ownership matter? A comparison of foreign - and domestic - owned firms in Greece and Portugal
spellingShingle Corporate performance : does ownership matter? A comparison of foreign - and domestic - owned firms in Greece and Portugal
Barbosa, Natália
Multinational corporations
Profitability
Manufacturing industry
Quantile regression
title_short Corporate performance : does ownership matter? A comparison of foreign - and domestic - owned firms in Greece and Portugal
title_full Corporate performance : does ownership matter? A comparison of foreign - and domestic - owned firms in Greece and Portugal
title_fullStr Corporate performance : does ownership matter? A comparison of foreign - and domestic - owned firms in Greece and Portugal
title_full_unstemmed Corporate performance : does ownership matter? A comparison of foreign - and domestic - owned firms in Greece and Portugal
title_sort Corporate performance : does ownership matter? A comparison of foreign - and domestic - owned firms in Greece and Portugal
author Barbosa, Natália
author_facet Barbosa, Natália
Louri, Helen
author_role author
author2 Louri, Helen
author2_role author
dc.contributor.none.fl_str_mv Universidade do Minho
dc.contributor.author.fl_str_mv Barbosa, Natália
Louri, Helen
dc.subject.por.fl_str_mv Multinational corporations
Profitability
Manufacturing industry
Quantile regression
topic Multinational corporations
Profitability
Manufacturing industry
Quantile regression
description The paper investigates whether multinational corporations (MNCs) operating in Portugal and Greece perform differently than domestic firms using two samples. The first contains 2651 and the second 523 firms operating in Greece in 1997 and Portugal in 1992 respectively. Departures from normality of firms' profitability motivated the adoption of the robust technique of quantile regression. The estimation results suggest that ownership ties do not make a significant difference with respect to performance of firms operating in Portugal. Results were similar for firms operating in Greece and only when firms in the upper quantiles of gross profits were compared, MNCs were found to significantly perform better than domestic firms. It is probably because MNCs have to compensate for their liability of foreigness that in spite of their technological advantages they cannot persistently outperform their domestic rivals.
publishDate 2003
dc.date.none.fl_str_mv 2003-10
2003-10-01T00:00:00Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/1822/11259
url http://hdl.handle.net/1822/11259
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv BARBOSA, Natália ; LOURI, Helen - " Corporate performance : does ownership matter? A comparison of foreign - and domestic - owned firms in Greece and Portugal" [Em linha]. Braga : Núcleo de Investigação em Microeconomia Aplicada, 2003. [Consult. 14 Dez. 2010]. Disponível em WWW:<URL:http://nima.eeg.uminho.pt/uploads/EEG161107NIMA26.pdf>.
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Universidade do Minho. Núcleo de Investigação em Microeconomia Aplicada (NIMA)
publisher.none.fl_str_mv Universidade do Minho. Núcleo de Investigação em Microeconomia Aplicada (NIMA)
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
reponame_str Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
collection Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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